311 LINDEN Road
About This Property
Inside, the home features updated cabinetry and granite countertops throughout the kitchen and bathrooms, delivering a cohesive, upscale look. The kitchen is designed for both function and entertaining, complete with a built-in bench seat, double oven, and a cooktop vented to the exterior. All kitchen appliances were replaced in 2021. The smart washer and dryer are only 6 years old.
Major systems have been thoughtfully updated. The HVAC was replaced in 2020 and enhanced with a blue light air treatment system and smart thermostat. The home was replumbed and had a new water heater installed in 2019. Gutters with gutterguard protection were added around the home for added peace of mind.
The large primary suite offers a true retreat, featuring a walk-in shower, garden tub, and an oversized walk-in closet with custom built-ins. Secondary bedrooms are generously sized, large enough to accommodate king-size beds and feature brand new carpet.
French doors lead to a fully fenced backyard with a privacy fence, with Meyer lemon, blood orange, and kumquat trees, plus a storage shed for your tools or fishing gear.
With strong mechanical updates, thoughtful interior upgrades, and a prime location near the water, not to mention great neighbors, this home checks all the boxes for that comfortable Florida lifestyle that you are looking for.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
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About St. Augustine South
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017